11-07-2006, 01:43 PM
G.Irish Wrote:Does anyone really know what role the president plays (if any) in gas prices?
One of the contributing factors to the rising gas prices during the past few years is environmental controls placed on refineries during the previous administration. The new regulations made it hard for refineries to upgrade to meet the new standards and still remain financially viable, so many of them shut down. Supply & Demand at work.
Just one factor - I am sure there are plenty of others as well.